The meat industry comprises the people and companies engaged in modern industrialized livestock agriculture for the production, packing, preservation and marketing of meat. Economically it sits across a fusion of primary agricultural activity and secondary industrial activity, making it difficult to classify strictly as either alone. The greater part of the industry is meat packing, the segment that handles the slaughtering, processing, packaging and distribution of livestock such as poultry, cattle, pigs and sheep.
Facts
FAQs
How concentrated is meatpacking in the United States?
The four largest packers handle 85 percent of cattle purchases and 67 percent of hog purchases.
A few firms handle most of the livestock purchases. According to the US Department of Agriculture, the four largest firms handle 85 percent of all steer and heifer purchases and 67 percent of all hog purchases. In 1980 the four largest beef packers accounted for 36 percent of steer and heifer purchases. In most parts of the country, ranchers and farmers now have two to four buyers for their cattle or hogs.
Connections
In Sector
Additional Source Wikipedia: Global Industry Classification StandardGICS: Packaged Foods & Meats
Sources
1. Wikipedia, Meat industry
Wikipedialead sectionQuote, lead section
The meat industry are the people and companies engaged in modern industrialized livestock agriculture for the production, packing, preservation and marketing of meat.
Wikipedia: Global Industry Classification Standard
WikipediaIn Sector: Consumer Staples, GICS: Packaged Foods & MeatsView the Source Reader Challenges (0)
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